investment
The U.S.-based investment manager AXS Investments recently launched eight new exchange-traded funds that offer long or short positions in single stocks. Here are some examples of the stocks targeted by the ETFs.
The AXS TSLA Bear Daily ETF (Nasdaq symbol TSLQ) offers daily returns that correspond to the inverse of the daily gains or losses of Tesla shares.
The AXS 1.5x Bull Daily ETF (Nasdaq symbol PYPT) aims to achieve 1.5 times the daily returns of the shares of PayPal Holdings.
The AXS 2x NKE Bull Daily ETF (Nasdaq symbol NKEL) seeks daily returns 2 times the daily returns of the shares of Nike.
The 2x PFE Bull Daily ETF (Nasdaq symbol PFEL) targets 2 times the daily return of the common shares of Pfizer.
There are also ETFs that offer short positions on Nvidia, PayPal, Nike, and Pfizer.
The ETFs listed on July 14, 2022, and their MERs are 1.15% (1.57% after July 31, 2023).
As a general rule, we advise against market timing, much like we advise against short selling, options trading, leverage, currency speculation and bond trading....
The AXS TSLA Bear Daily ETF (Nasdaq symbol TSLQ) offers daily returns that correspond to the inverse of the daily gains or losses of Tesla shares.
The AXS 1.5x Bull Daily ETF (Nasdaq symbol PYPT) aims to achieve 1.5 times the daily returns of the shares of PayPal Holdings.
The AXS 2x NKE Bull Daily ETF (Nasdaq symbol NKEL) seeks daily returns 2 times the daily returns of the shares of Nike.
The 2x PFE Bull Daily ETF (Nasdaq symbol PFEL) targets 2 times the daily return of the common shares of Pfizer.
There are also ETFs that offer short positions on Nvidia, PayPal, Nike, and Pfizer.
The ETFs listed on July 14, 2022, and their MERs are 1.15% (1.57% after July 31, 2023).
As a general rule, we advise against market timing, much like we advise against short selling, options trading, leverage, currency speculation and bond trading....
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LABORATORY CORPORATION OF AMERICA, or LABCORP., $254.67, symbol LH on New York, provides comprehensive clinical laboratory services from locations throughout North America. It also offers drug development services such as research and clinical trial management.
Labcorp employs nearly 75,000 people at its base in Burlington, North Carolina, and across the U.S.
On July 28, 2022, the company announced that its board of directors had approved the spin-off of its Clinical Development business....
Labcorp employs nearly 75,000 people at its base in Burlington, North Carolina, and across the U.S.
On July 28, 2022, the company announced that its board of directors had approved the spin-off of its Clinical Development business....
CANADIAN NATIONAL RAILWAY CO., $164.33, Toronto symbol CNR, remains a buy.
CN operates Canada’s largest railway. Its 32,200-kilometre network stretches across the country. It also travels down through the U.S. Midwest, connecting Canada to the Gulf of Mexico.
With the March 2022 payment, CN raised its quarterly dividend by 19.1%....
CN operates Canada’s largest railway. Its 32,200-kilometre network stretches across the country. It also travels down through the U.S. Midwest, connecting Canada to the Gulf of Mexico.
With the March 2022 payment, CN raised its quarterly dividend by 19.1%....
PAYPAL HOLDINGS INC., $95.32, Nasdaq symbol PYPL, remains a buy, but only for highly aggressive investors.
The company lets investors tap the fast-growing field of online transaction processing, including purchases made through the auction websites of its former parent company, eBay (see below).
The stock jumped 10% this week after PayPal announced a new agreement with activist investment firm Elliott Investment Management, which owns $2 billion of the company’s stock (about 2% of PayPal’s $111.3 billion market cap).
The activist will support PayPal’s current restructuring plan, which involves focusing on building transaction volumes to generate higher profits, rather than focusing on adding new users....
The company lets investors tap the fast-growing field of online transaction processing, including purchases made through the auction websites of its former parent company, eBay (see below).
The stock jumped 10% this week after PayPal announced a new agreement with activist investment firm Elliott Investment Management, which owns $2 billion of the company’s stock (about 2% of PayPal’s $111.3 billion market cap).
The activist will support PayPal’s current restructuring plan, which involves focusing on building transaction volumes to generate higher profits, rather than focusing on adding new users....
TORONTO-DOMINION BANK, $83.44, Toronto symbol TD, is a buy.
The bank has agreed to acquire U.S.-based investment banking firm Cowen Inc. (Nasdaq symbol COWN). Founded in 1918, Cowen provides a wide range of services to corporate clients, including brokerage, stock and bond underwriting, initial public offerings and advice on mergers and acquisitions.
TD will pay $1.3 billion U.S....
The bank has agreed to acquire U.S.-based investment banking firm Cowen Inc. (Nasdaq symbol COWN). Founded in 1918, Cowen provides a wide range of services to corporate clients, including brokerage, stock and bond underwriting, initial public offerings and advice on mergers and acquisitions.
TD will pay $1.3 billion U.S....